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Platinum / U.S. DollarPlatinum / U.S. DollarPlatinum / U.S. Dollar

Platinum / U.S. Dollar

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XPTUSD trade ideas

xptusd .., 1:4 (risk:reward)Platinum/U.S Dollar (xptusd) analysis + trade breakdown : starting my analysis on the monthly chart (yearly overview) price has been trading in downward range, trading firmly between 2 parallel trendlines which are acting as dynamic support & resistance. monthly supply level now acting as demand @ 831.300 is in control having pushed price up by ≈10.20% to current price. inside the bearish channel, price broke out of small structure bearish trendline... forming a full OHLC candlestick above the trendline also indicating shift in current market momentum from bearish to bullish. i have long position of 1:4 risk, reward from liquidity pool ranging from 911.500 to 905.200 with target targets at supply level of proximal price @ 1072.850 where there is also a liquidity pool ranging from @ 1060.150 - 1072.850. objects used - black horizontal trendline - Price Of Interest blue rectangle - liquidity pool peach horizontal line - supply/demand proximal price. supply and demand put together by : Pako Phutietsile presented by : @currencynerd courtesy of : @TradingView The Nobel Prize in economics belongs to Satoshi Nakamoto, not Ben Bernanke.
OANDA:XPTUSDLong
by currencynerd
Platinum UpdatePlatinum is a pattern that can revert to the weekly demand zone. If the market hits the weekly demand zone, there are two cases. 1. If the rebound is successful in the weekly demand zone, it can be an expanded flat pattern with a very large W-X-Y structure, so you can aim above the red dotted line. 2. If the rebound fails in the weekly demand zone, it becomes a running flat pattern of bearish waves, so a second large monthly bearish wave follows. So, if you want to buy, look for buy opportunities in the weekly demand zone.
OANDA:XPTUSD
by TimeWaveTrading
PLATINUM The 1D MA50 is the key. Potential long-term bull.Platinum (XPTUSD) has been trading within a (very) long-term Triangle pattern since the September 24 2020 Low. That was the low that initiated a massive rally to the February 16 2021 High that started the long-term Lower Highs trend-line, which lastly rejected the price November 11 2022. The 1D MA50 (blue trend-line) is the key here. As long as it holds, there are good chances that Platinum will push for another Lower Highs test and potentially a break-out, targeting the 0.618 Fibonacci level. If the 1D MA50 breaks, we will pursue the Symmetrical Support Zone as our short-term target and the September 24 2020 low (830.00) as our long-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XPTUSD
by TradingShot
1
XPT/USD - PLATINUM: Super-Cycle Bull Market Underway?Markets move in cycles, expansion are followed by contractions/consolidations and so forth. These cycles are fractal, meaning they repeat themselves across multiple timeframes. Commodities are well known to be cyclical and unlike stocks, do not necessarily go up in the long run. What we see in platinum is no different. Since peaking at $2115,84 in January 2008, the precious metal has endured a twelve (12) year bear market. Many commodity specialists believe the March 2020 low in commodities was a significant bottom for the next decade or so. The Elliott Wave Principle support this view. The 2008 crash, wave A, was a swift impulse followed by a sharp recovery into 2011 for wave B. Wave C was a more gradual decline which unfolded in a clear five (5) wave sequence and bottomed at $582,20 in March 2020 with the global covid-19 market sell-off. If this wave count is correct, the recovery to $1344,41 is either wave (I) or (A) which calls for further upside at least for wave (C). A break below $582,20 will invalidate the supercycle bull market view. A strong platinum price will be a major boost for JSE listed platinum miners $JSEIMP $JSENPH &JSERBP
PLong
by Loyiso_BlaqueSoros_Mpeta
Taf's Gun to the HeadTrade Idea : Buy Platinum at market Reasoning : Broke out of a bullish flag formation and looking for continuation of that bullish momentum to target previous swing high. Entry:924.50 TP:944.83 SL:916.01 RR:2.39 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
TVC:PLATINUMLong
by Signal_Centre1
PLATINUM...Could we see this play out, i believe so.. why. With Clean Green agenda our govts are pushing to curb/slow Global warming, Hydrogen powered vehicles has been talked about a lot and is a possible player in the near future along side EV. Platinum basically is currently used in hydrogen fuel cells to efficiently catalyze the reactions, however Iron could be used instead as it is a much much cheaper application than Platinum. I don't know all the specs of it, but know enough to watch this space for a bullish move. This could also be the answer to the Energy crisis most will face. Not an immediate fix now, but sure is a very promising outlook in the very near future.
OANDA:XPTUSD
by BullnBear_Markets
Seems outlandish, just from a pattern perspectiveFundamentals of Pt vs Pd history would project that industrial users switch to the lower priced commodity since they offer relatively the same physical properties (i.e., Pd $2100 v. Pt $900). Now add the long-term Elliot Wave chart pattern and the electrification narrative and there certainly can be said that there is a confluence of indicators. I know the wave analysis results in a crazy high Pt spot, but we have seen crazier scenarios play out.
OANDA:XPTUSDLong
by ROC_8